Superb Investment Opportunity
Substantial Victorian Conversion Consisting of 12 Bedsits
Two Communal Kitchens
Three Bathrooms
Full HMO Status
All Relevant Certificates Up To Date
Oil Fired Central Heating
Double Glazing Throughout
Off Street Parking
Annual Rental Income of £45,000
Located on The Popular Ormeau Road
This substantial detached Victorian period property has been sympathetically divided into twelve separate bedsits. Its location on the popular Ormeau Road, within close proximity to Queens University and Belfast City Centre make it an ideal investment opportunity. Set over three floors the 12 bedsits share two communal kitchens and three bathrooms. The accomodation has been maintained to a high standard, is well presented and in good repair. The property has full HMO status, complies with all health & saftey conditions and fire regulations (including quarterly inspections).
Each bedsit commands an average monthly rent of £300 thus returning £45,000 a year and each bedsit is let on a monthly basis and maintains a 100% occupation rate. Annual running costs can be provided.
Ground Floor
Hardwood front door leading to communal entrance hall:
KITCHEN: High & low level units, laminate work top, stainless steel sink, electric oven/hob and tiled floor.
BEDROOMS: Four separate bedsits carpeted/laminate flooring.
TOILET: Low flush WC, pedestal wash hand basin & tiled floor..
BATHROOM: Bath with electric shower over & tiled floor.
First Floor
BEDROOMS: Five separate bedsits
TOILET: Low flush WC, pedestal wash hand basin & tiled floor.
SHOWER ROOM: Separate shower cubicle & tiled floor.
Second Floor
KITCHEN: Low level units, laminate work top, stainless steel sink, electric oven, extractor fan and laminate flooring.
BATHROOM: Bath with electric shower over & tiled floor.
TOILET: Low flush WC, pedestal wash hand basin and tiled floor.
Outside
Front driveway with off street parking.
Sale Agreed